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Tag: cisco
Cisco profits boosted by tax benefit, sales rise 5%
2013-02-14 08:54:00| Telecompaper Headlines
(Telecompaper) Cisco Systems reported net profit for its fiscal second quarter ended 26 Janaury up 44 percent from a year earlier to USD 3.1 billion. EPS rose 47.5 percent to USD 0.59. The result includes tax benefits of USD 926 million or 17 cents a share from a settlement with the IRS over R&D credits. Excluding this, net profit rose 6.2 percent, and EPS was up 8.5 percent. Cisco's revenues reached USD 12.1 billion in the quarter, up 5.0 percent year-on-year. Sales growth was strongest in the data centre segement, where revenues rose 65 percent to USD 548 million. Wireless sales were up 27 percent to USD 520 million after the takeover of Meraki, and the service provider video segment grew 20 percent to USD 1.22 billion. Sales of switches rose 3 percent to USD 3.72 billion, while IP routing was down 6 percent to USD 1.95 billion. The book-to-bill ratio for the quarter was slightly below 1, with product orders mainly weak in the EMEA region, down 6 percent. Across customer segments, orders were flat year-on-year, although Cisco said it saw some signs of pick-up in the commercial and enterprise sectors in the US. After operating cash flow of USD 3.3 billion, Cisco finished the quarter with total cash of USD 46.4 billion.
Biz Break: Cisco earnings signal possibility of resurgence for tech,...
2013-02-14 06:34:37| Semiconductors - Topix.net
Today: After a brief respite, Silicon Valley's busy earnings season returns with Cisco leading Tuesday's pack, which includes Nvidia, NetApp and Applied Materials.
Tags: tech
break
possibility
biz
Cisco Q2 profit jumps on tax benefits
2013-02-14 01:00:00| Total Telecom industry news
Equipment maker reports 4.8% revenue decline in Europe.
Tags: tax
benefits
profit
cisco
Cisco quarterly profit jumps 44%
2013-02-14 00:00:57| BBC News | Business | UK Edition
Profits at Cisco, the world's largest maker of networking equipment, have jumped by 44% as spending on technology picks up.
Tags: profit
quarterly
cisco
jumps
Mobile Internet data traffic to grow 13-fold by 2017, says Cisco
2013-02-06 19:52:45| CNET News.com
The amount of mobile Internet data traffic is poised to explode in the next four years -- especially in Africa and the Asia-Pacific region, the networking company says. [Read more]
Tags: internet
data
mobile
traffic
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